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  1. Canada housing market remains little risk of a crash despite of lingering concerns

    How likely is a Canada housing crash? Fergal McAlindenother Executive from Scotiabank delivers verdict Despite lingering concerns from the Canada Mortgage and Housing Corporation (CMHC) and others about the precarious nature of the country’s housing market, there remains little risk of a crash, according to Scotiabank vice president and head of capital markets economics Derek […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-11-2021
    Real Estate Related

  2. Metro Vancouver continued hitting the market to fall in line with long-term averages

    Demand for Vancouver homes outpaces new supply in September Michelle McNallyLivabl  Home buying and selling activity remains at a high in Metro Vancouver, while the pace of new properties hitting the market has continued to fall in line with long-term averages. For the month of September, the quantity of sales decreased on a yearly and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-11-2021
    Real Estate Related

  3. Finance Minister to announce the new law to protect consumers

    B.C. to bring in new real estate laws, including cooling-off period for resale properties Tiffany CrawfordThe Vancouver Sun The B.C. Financial Services Authority will also look into other potential protection measures, including fixing the blind bidding system and condition waiving in offers. B.C. to bring in new laws to protect consumers in the real estate […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-11-2021
    Real Estate Related

  4. Numbers of residential apartments sold in B.C wiped out its records during the first half of 2021

    Sales of apartment buildings in B.C. break records in first half of 2021 Joanne Lee-YoungThe Vancouver Sun Private buyers and financial firms are motivated to buy because borrowing costs are very low and rents are expected to increase sharply in the next five to 10 years. The Martello Tower, right, at 1011 Marine Drive. Photo […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    31-10-2021
    Real Estate Related

  5. Redevelopment of a 67-year-old centre motel in Vancouver

    City Centre Motel on Main Street in Vancouver sold for over $60 million Kenneth Chanother City Centre Motel at 2111 Main Street, Vancouver. (Google Maps) It was inevitable that the 67-year-old City Centre Motel in Vancouver’s Mount Pleasant neighbourhood would eventually be acquired for the purpose of pursuing its redevelopment potential. The 35,000 sq ft […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-10-2021
    Real Estate Related

  6. Speed up the mortgage process and make things more straightforward for all parties | Allen

    Is the mortgage industry set for a blockchain revolution? Fergal McAlindenother An industry CEO believes NFTs and other developments will profoundly transform the mortgage space Following the announcement of a new collaboration to allow mortgage documentation to be minted through non-fungible tokens (NFTs), a prominent executive has predicted that further revolution of the mortgage industry […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    27-10-2021
    Real Estate Related

  7. Global economic recovery is progressing amidst pandemic

    Bank of Canada announces latest overnight rate target Ephraim Vecinaother The central bank will be moving into a new phase following the end of its QE program The Bank of Canada has announced that its target for the overnight rate will remain at the effective lower bound of 0.25%, with the bank rate at 0.5% […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-10-2021
    Real Estate Related

  8. Unveiling changes aimed at increasing housing supply | Provincial Government

    Dan Fumano: As both Vancouver and B.C. look to speed up housing, expect debate Dan Fumano The Vancouver Sun Opinion: Changes proposed by both Vancouver and the province are “heading in the same direction,” says Vancouver housing official. They’re also likely to be controversial, especially at the civic level. Photo showing a detached house in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-10-2021
    Real Estate Related

  9. The bank of Mom and Dad – $10B gifted home buyers

    Thanks, Mom: Over $10 billion gifted to home buyers over last year Michelle McNallyLivabl Amidst rising prices and dwindling inventory, it’s no secret that buying a home in Canada has become increasingly difficult, particularly for first-time buyers looking to get their foot on the property ladder. Hoping to help their loved ones set down roots […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-10-2021
    Real Estate Related

  10. Real Estate industry trends indicators of the overall health of the economy in 2021

    Real Estate Statistics: The Latest Trends in the Housing Market (2021) Matthew Speakmanother The housing market has significant importance for the broader economy, accounting for 17.5% of the U.S. GDP in 2020. 4.2% of the GDP impact is the spending on construction. The other 13.3% includes other spendings on homes such as rent, utilities, and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-10-2021
    Real Estate Related

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